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Small, micro and medium enterprises (SMMEs) will soon benefit from a programme that will offer business development services and improve access to markets. On Friday, Small Business Development Minister Lindiwe Zulu and the European Union Commissioner for International Cooperation and Development, Neven Mimica, launched the Employment Promotion through SMME Support Programme for South Africa at Riversands Incubator in…

Finance Minister Nhlanhla Nene has launched two authorities that make up South Africa’s new Twin Peaks system of financial regulation, bringing to fruition a regulatory reform announced in 2011. In a statement on Friday, Treasury said the Minister launched the two authorities, namely the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), following…

Freedom fighter Winnie Nomzamo Madikizela-Mandela will be laid to rest on 14 April 2018, during a state funeral. President Cyril Ramaphosa made the announcement on Monday night outside the home of the late struggle stalwart in Orlando, Soweto. He had earlier met with the Mandela family to offer his condolences and support. “At a national…

Deputy President David Mabuza says the government is implementing interventions to ensure that governance is improved at state-owned enterprises (SOEs) in the short-term. The Deputy President also said that work was also underway to stamp out corruption at SOEs as they should be playing a developmental role in the economy. He said this when…

The tourism sector employed 686 596 persons in 2016, Statistician-General Risenga Maluleke said on Monday. This, according to Maluleke, is an increase of 2.7% percent or 17 945 employees compared to 2015. According to Stats SA, the tourism sector share of total employment increased from 4.2% in 2015 to 4.4% in 2016. The tourism sector directly contributed…

Environmental Affairs Minister Edna Molewa has encouraged investors to invest in South Africa so that the country can reach the levels of growth required to meaningfully decrease the levels of unemployment and poverty. Addressing the launch of the world’s First Oxygen Production Plant worth EUR200m (R2.9 billion) on Monday in Secunda, the Minister said…

President Cyril Ramaphosa is set to meet the first 100 young people to participate in the Youth Employment Service (YES) programme which he will launch on Tuesday. “The YES initiative aims to see more than one million young South Africans being offered paid work experience over the next three years, as part of placing the…

Belarus is keen to advance its bilateral economic ties with South Africa and extend cooperation in the industrial and technological fields. Speaking at the South Africa-Belarus Business Forum hosted by the Department of Trade and Industry (dti) in Tshwane on Friday, Belarusian Foreign Affairs Deputy Minister Andrei Dapkiunas said his country is working to upgrade…